why IB is kind of special?

Discussion in 'Interactive Brokers' started by mikeenday, Nov 28, 2011.

  1. mikeenday

    mikeenday Guest

    I can almost always short at IB, but not from ETFC.

    maybe ETFC is only suitable for long?
     
  2. Bob111

    Bob111

    :confused:
     
  3. mikeenday

    mikeenday Guest

    I mean I can always short, like GRPN, LNKD, TNA/FAS/FAZ....
    but ETFC always reports no shares to borrow.


     
  4. The answer you seek is right there... ETFC doesn't have access to shares they can borrow, but IB does...

    Not every broker has a wide inventory of shares.. sometimes you gotta call in and reserve some, or have them check around to see if borrowing can be done.
     
  5. Yep. Shares, in order to be shorted, need to be borrowed. Larger brokers have more clients to ask for borrowing, or even lend you their own. Makes perfect sense.

    If you really want to short something but can't borrow it, if you're brave or crazy enough, you can always go for options.
     
  6. Bob111

    Bob111

    who cares? you short a lot? go with IB. i don't even know what ETFC is..IB is special for retail for many things. including direct access to huge variety of markets,securities and ability to short them too. but their short list is getting smaller..right now average is around 9000 securities. use to be 12K+
     
  7. zdreg

    zdreg

    not every stock has listed options.
     
  8. your all missin probably the most important reason..........Etrade loans you the shares as long as you want for FREE

    IB charges you a daily fee so they have a little more motivation

    Is IB alot bigger outfit than Etrade?????
     
  9. rnrow

    rnrow

    IBKR:Market Cap: 660.29M
    ETFC:Market Cap: 2.44B

    source: Yahoo Finance
     
  10. that's what I thought
     
    #10     Nov 28, 2011